Monthly Integrated Survey of Selected Industries : August 2017

Reference Number: 

2017-123

Release Date: 

Tuesday, October 10, 2017

 

 
Table A   Year-on-Year Growth Rates for Production Index, Net Sales Index
and Producer Price Index: August 2017 and August 2016
 

TOTAL MANUFACTURING

AUGUST
2017
AUGUST
2016

        Production Index (2000=100)

 

 

       Value       (VaPI)

2.4

8.5

       Volume    (VoPI)

2.8

13.3

         Net Sales Index (2000=100)

 

 

       Value        (VaNSI)

- 5.2

7.7

       Volume     (VoNSI)

- 4.9

12.5

        Producer Price Index (2000=100)

- 0.3r

- 4.3

                                                   r - revised

 

  • Value of Production Index slightly increases in August 2017

Value of Production Index (VaPI) for manufacturing posted a slower annual increase of 2.4 percent in August 2017 compared with the 8.5 percent growth during the same month of the previous year, according to the preliminary results of the Monthly Integrated Survey of Selected Industries (MISSI). Among the 13 major sectors exhibiting increases in VaPI, eight sectors significantly contributed to the growth, namely: printing (45.4%), basic metals (34.9%), food manufacturing (23.3%), furniture and fixtures (19.8%), electrical machinery (19.3%), petroleum products (17.1%), transport equipment (15.3%) and non-metallic mineral products (14.0%). Refer to Tables 1-A  and 1.

 

  • Volume of Production Index grows at a slower pace

Volume of Production Index (VoPI) merely grew by 2.8 percent in August 2017 compared with a two-digit increment of 13.3 percent in August 2016. Ten of the 13 major sectors exhibited a two-digit growth in VoPI, led by fabricated metal products (89.5%). The other nine major sectors that posted two-digit increases were the following: printing (41.6%), furniture and fixtures (35.6%), basic metals (28.5%), food manufacturing (26.3%), leather products (21.9%), non-metallic mineral products (18.7%), transport equipment (18.6%) electrical machinery (16.8%) and paper and paper products (12.1%). Refer to Tables 1-B and 2.

 

 

 

  • Value of Net Sales Index decreases

Value of Net Sales Index (VaNSI) declined in August 2017 as it reported a decrease of 5.2 percent from a growth of 7.7 percent during the same month of the previous year. Three major sectors exhibited two-digit decreases in VaNSI led by chemical products (-54.3%) followed by footwear and wearing apparel (-14.1%) and wood and wood products (-11.0%). Refer to Tables 2-A and 3.

 

  • Volume of Net Sales Index weakens

Volume of Net Sales Index (VoNSI) similarly posted year-on-year drop of 4.9 percent in August 2017. The contributing factor was the decreases in VoNSI exhibited by three major sectors, with considerable reduction observed in chemical products (-53.9%), footwear and wearing apparel (-14.8%) and wood and wood products (-10.9%). Refer to Tables 2-B and 4.

 

 
 
  • Average Capacity Utilization Rate in August 2017 is 83.8 percent with petroleum products posting the highest among industries

Average capacity utilization rate in August 2017 for total manufacturing was recorded at  83.8 percent. Fifty-five percent or 11 of the 20 major industries operated at 80 percent and above capacity utilization rates. These are:

  • petroleum products (88.8%)
  • basic metals (88.7%)
  • non-metallic mineral products (86.6%)
  • machinery except electrical (85.5%)
  • food manufacturing (85.0%)
  • electrical machinery (84.8%)
  • chemical products (83.9%)
  • paper and paper products (83.5%)
  • rubber and plastic products (83.1%)
  • wood and wood products (81.5%)
  • printing (80.6%)

The proportion of establishments that operated at full capacity (90% to 100%) was recorded at more than one-fourth of the total number of establishments (26.8%) in August 2017. About 53.8 percent of the total establishments operated at 70 percent to 89 percent capacity while almost one-fifth of the total establishments (19.4%) operated below 70 percent capacity. Refer to Table B and 6.

Table B  Distribution of Key Manufacturing Establishments by Capacity Utilization for Total Manufacturing: August 2017

Capacity Utilization

Percent Share

Below 50%

   3.9

50% - 59%

   4.8

60% - 69%

   10.7

70% - 79%

 21.9

80% - 89%

 31.9

 90% - 100%

 26.8

 

  • Response Rate

The response rates for the August 2017 MISSI and PPS were registered at 77.1 and 82.6 percent, respectively.  Refer to Tables 7 and 8.

 

Table C  Response Rates for Total Manufacturing
(In percent)

 

August 2017

July 2017
(Revised)

MISSI

77.1

90.2r

PPS

82.6r

91.9r

 

Data of non-responding samples were estimated using short-term geometric mean of the relative values of responding samples within the industry class. Revisions to the preliminary estimates are done upon receipt of actual reports of late respondents.

 

 

 

LISA GRACE S. BERSALES, Ph. D.
Undersecretary
National Statistician and Civil Registrar General

 

 
 
 

______________________________________________________________________________________________________________

 

 

TABLE 1-A Value of Production Index, July 2017 and August 2017
(2000 =100)
 

Gainers

Year-on-Year Growth (%)

August 2017

July 2017
(revised)

Food manufacturing

23.3

3.1

Electrical machinery

19.3

16.0

Petroleum products

17.1

12.1

Basic metals

34.9

20.5

Transport equipment

15.3

12.7

Printing

45.4

28.3

Non-metallic mineral products

14.0

9.7

Beverages

4.5

-0.4

Paper and paper products

8.1

9.9

Furniture and fixtures

19.8

39.3

Fabricated metal products

7.4

21.4

Leather products

9.4

7.7

Wood and wood products

2.7

-8.6

 
 

Losers

Year-on-Year Growth (%)

August 2017
July 2017
(revised)

Chemical products

-49.4

-54.7

Rubber and plastic products

-24.7

-20.1

Footwear and wearing apparel

-21.8

-19.0

Textiles

-24.1

-27.3

Tobacco products

-17.0

20.2

Machinery except electrical

-3.2

9.9

Miscellaneous manufactures

-2.9

-4.5

 
Notes:
Major Industries are ranked according to their contribution to the overall 2000-based August 2017 growth rate.
Year-on-year growth rates are computed by dividing the current month index by previous
year same month index less 1.

 

TABLE 1-B  Volume of Production Index, July 2017 and August 2017
(2000 = 100)
 
 

Gainers

Year-on-Year Growth (%)

August 2017
July 2017
(revised)

Food manufacturing

26.3

5.1

Electrical machinery

16.8

14.9

Fabricated metal products

89.5

107.3

Basic metals

28.5

19.4

Transport equipment

18.6

14.7

Non-metallic mineral products

18.7

16.1

Printing

41.6

25.0

Furniture and fixtures

35.6

58.0

Paper and paper products

12.1

13.1

Leather products

21.9

19.8

Beverages

4.7

-0.4

Wood and wood products

2.3

-9.4

Petroleum products

1.3

-1.2

 
 
 

Losers

Year-on-Year Growth (%)

August 2017
July 2017
(revised)

Chemical products

-48.4

-53.1

Footwear and wearing apparel

-22.1

-19.3

Rubber and plastic products

-19.7

-14.5

Textiles

-24.7

-24.2

Miscellaneous manufactures

-12.4

-12.9

Machinery except electrical          

-3.4

11.1

Tobacco products

-18.2

18.4

 
 
Notes:
Major Industries are ranked according to their contribution to the overall 2000-based August 2017 growth rate.
Year-on-year growth rates are computed by dividing the current month index by previous
year same month index less 1.

 

 

TABLE 2-A  Value of Net Sales Index, July 2017 and August 2017
(2000 =100)
 

Gainers

Year-on-Year Growth (%)

August 2017
July 2017
(revised)

Machinery except electrical

29.2

33.4

Electrical machinery

8.6

10.6

Basic metals

31.9

18.5

Petroleum products

10.7

12.2

Transport equipment

25.4

16.1

Textiles

35.6

35.9

Food manufacturing

3.5

-1.9

Beverages

10.4

6.2

Printing

36.6

41.0

Non-metallic mineral products

13.5

-10.9

Tobacco products

19.0

-1.5

Miscellaneous manufactures

17.7

-2.5

Paper and paper products

16.4

20.0

Fabricated metal products

8.5

13.6

Leather products

11.8

6.9

Rubber and plastic products

0.6

8.7

 
 

Losers

Year-on-Year Growth (%)

August 2017
July 2017
(revised)

Chemical products

-54.3

-55.3

Footwear and wearing apparel

-14.1

-20.8

Wood and wood products

-11.0

-2.6

Furniture and fixtures

-7.4

17.3

 
 
Notes:
Major Industries are ranked according to their contribution to the overall 2000-based August 2017 growth rate.
Year-on-year growth rates are computed by dividing the current month index by previous
year same month index less 1.

 

 

TABLE 2-B  Value of Net Sales Index, July 2017 and August 2017
(2000 =100)
 

Gainers

Year-on-Year Growth (%)

August 2017
July 2017
 (revised)

Machinery except electrical

32.3

38.3

Fabricated metal products

91.5

94.0

Electrical machinery

7.1

10.4

Transport equipment

26.0

15.4

Basic metals

25.3

17.1

Food manufacturing

3.7

-2.2

Textiles

34.2

41.1

Non-metallic mineral products

19.4

-4.7

Beverages

12.4

7.9

Printing

33.0

37.4

Paper and paper products

17.8

20.6

Tobacco products

16.8

-3.4

Miscellaneous manufactures

11.7

-6.3

Furniture and fixtures

8.4

37.7

Leather products

25.1

19.5

Rubber and plastic products

4.8

13.6

 
 

Losers

Year-on-Year Growth (%)

August 2017
July 2017
(revised)

Chemical products

-53.9

-54.3

Footwear and wearing apparel

-14.8

-21.4

Petroleum products

-3.5

-0.3

Wood and wood products

-10.9

-2.9

 
Notes:
Major Industries are ranked according to their contribution to the overall 2000-based August 2017 growth rate.
Year-on-year growth rates are computed by dividing the current month index by previous
year same month index less 1.

 

 

Attachment: 

Tags: